#541 ·
Melissa Sanchez17 said:If you're so sure, why'd you buy into metals in the first place?
I'm hedging my position. In certain scenarios, there was a real possibility of controlled bankruptcies where every currency just collapses, leaving precious metals and energy as the only safe havens. It looks like we aren't quite hitting that breaking point yet, though.
The second reason—though it’s more of a conviction than a reason—is simply that I got in early enough to turn a profit. There are plenty of people left to inflate this bubble after me.
I am in gold purely for speculative reasons.
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Looking at the charts, the bubble is actually in the paper counterfeits, not the metals themselves. As for claiming the market isn't manipulated? Don't make me laugh. The very concept of "paper" gold and silver exists because the system was designed for manipulation. (Just look into the Rockefeller family; they learned how heavy-handed manipulation can be firsthand.) We are approaching the end of that era now—could be a year, could be two—and seeing how things are looking, the bull run is winding down. Life goes on. To think otherwise is naive. Once you realize that fiat currencies are essentially doomed, you might start viewing these gold and silver fluctuations through our eyes—the "doomsday prepper" perspective.
Right, so the last ten years of growth weren't manipulated then... interesting.
